# Ripple Prime institutional financial expansion

> Live situation record from CLSTR: https://clstr.news/situations/ripple-prime-institutional-financial-expansion
> Updated: 2026-10-22T12:16:30.000Z. Sources: 5. Developments: 2.

Ripple is transitioning from a blockchain payments company toward becoming a provider of institutional financial infrastructure through its unit, Ripple Prime. Following the $1.25 billion acquisition of Hidden Road, the company entered the U.S. leveraged exchange-traded fund (ETF) financing market by providing total-return-swap financing to ETF issuers.

Building on this expansion, Ripple Prime has joined a Depository Trust & Clearing Corporation (DTCC) working group alongside major institutions including BlackRock and JPMorgan. This initiative aims to develop infrastructure for the tokenization of traditional financial assets, such as equities, ETFs, and U.S. government securities, to enable their function within digital markets.

## Timeline

### 2026-10-22: Ripple Prime joins DTCC tokenization initiative with BlackRock and JPMorgan

Ripple Prime has joined a DTCC working group alongside BlackRock and JPMorgan to develop infrastructure for tokenizing traditional financial assets like equities and government securities.

2 sources. https://clstr.news/cluster/ripple-prime-joins-dtcc-tokenization-initiative-with-blackrock-and-jpmorgan

### 2026-10-08: Ripple Prime enters U.S. leveraged ETF financing market

Ripple Prime has entered the U.S. leveraged ETF financing market, providing total-return swaps to issuers in a sector valued at over $256 billion, challenging traditional Wall Street banks.

3 sources. https://clstr.news/cluster/ripple-prime-enters-us-leveraged-etf-financing-market

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Cite as: Ripple Prime institutional financial expansion. CLSTR, https://clstr.news/situations/ripple-prime-institutional-financial-expansion